Euphoria Secures $7.5 million to Transform Crypto Derivatives for Retail Users

- Secures $7.5 million in seed funding to simplify crypto derivatives for retail users. - Karatage leads round, with key participation from previous investors. On August 7, 2025, Euphoria, a mobile application designed to simplify crypto derivatives trading, announced that it has raised $7.5 million in seed funding. This capital will be used to accelerate the development of its "tap trading" feature, an intuitive user interface that makes complex financial instruments, such as options and perpetuals, more accessible to retail users. Karatage led the seed round. Key participation also came from Figment Capital and Robot Ventures, which had previously co-led the company's $2.5 million pre-seed round in November 2024. Additional investors in the seed round include Bankless Ventures, First Commit, Hash3, Comfy Capital, Kosmos Ventures, and over 100 angel investors. This latest funding round brings Euphoria’s total capital raised to $10 million and pushes its post-money equity valuation into the "upper eight figures." In a statement on August 7, Euphoria’s co-founder and CEO, Nathan Worsley, explained that the company's mission is to make derivatives trading as accessible as Robinhood made stock options trading. He noted that the "tap trading" mechanism is designed to eliminate the technical hurdles that often deter retail traders from the derivatives market. Looking ahead, Euphoria plans to launch its platform on the MegaETH mainnet later this year. The company will generate revenue through a combination of in-house market-making and trading fees, with plans to introduce a native token in the long term. To support this expansion, the current eight-member team will be growing, as Euphoria is actively hiring for new engineering, product design, and growth roles.